Verinode HQ
Item 19.
Defensible FPRs, from live network data.
Percentiles, coverage, audit trail. Counsel-ready.
Sourced, reproducible, and defensible.
Every figure traces back to the underlying data and a published methodology. Your counsel reviews a real draft with its audit trail, not a spreadsheet stitched together under deadline.
How It Works For You
Operators contribute
Financials flow in from the tools operators already use, normalized to one chart of accounts.
The cohort is built
Verinode computes the distribution as percentiles, with sample size and coverage tracked per metric.
Counsel gets a draft
A defensible Item 19 with its audit trail, generated in hours, ready for review and the next FDD.
Works with Verinode IQ
Built from every operator's Verinode IQ.
The FPR is only as good as the books behind it. Every operator runs Verinode IQ, where their P&L is normalized to one chart of accounts, which is exactly what makes the network distribution defensible.
Rolls up
Each operator's normalized P&L rolls up from their own IQ workspace, anonymized.
Flows down
The chart-of-accounts standard you set flows down, so the books compare.
Common Questions
What network leaders ask first.
What is an Item 19 FPR?
Item 19 of the Franchise Disclosure Document is the Financial Performance Representation, the place a franchisor may state what its franchisees actually earn. It has to be defensible, sourced, and consistent, which is why many networks either leave it thin or spend weeks of counsel and accounting time assembling it each year.
How does Verinode generate the FPR?
It builds the distribution from your operators' real financials, already normalized to one chart of accounts, and reports it as percentiles with the sample size and coverage shown for each metric. The output is a sourced, reproducible representation your counsel reviews, not a spreadsheet stitched together by hand.
Is it defensible for disclosure?
That is the point. Every figure traces back to the underlying operator data and the methodology is published, so the representation has a clear basis and an audit trail. Verinode produces the draft and the supporting detail; your franchise counsel still reviews and signs off before it goes into the FDD.
Do operators have to share their books?
Operators own their records. The FPR is built from anonymized aggregate, individual operator numbers never leave their own encrypted account, and the representation reports cohort percentiles, not any single franchisee. The privacy boundary is contractual and enforced at the database level.
What Makes It Verinode
Why Operators Join
The networks that recruit best put a real Item 19 in front of every candidate.
A thin FPR is a weaker sale. Verinode is how the strongest networks build one they can stand behind.